NEWLY elected Dudley South MP Chris Kelly stand to win £500,000 at the bookies if he becomes Prime Minister in the next 28 years.

The former Oxford Brookes University scholar made a bet with his fellow Conservative MP Justin Tomlinson while they were both students 12 years ago. They placed £50 each with William Hill, at odds of 10,000/1 that each of them would go onto become Prime Minister within 40 years.

William Hill spokesman Graham Sharpe said: “Justin and Chris could cost us £1 million and each win £500,000 if they manage to achieve the highest office in the land by the year 2038.

“David Cameron should be keeping a very close eye on the pair who will already be calculating the odds that they can take over from him at some point, and who now have a huge financial incentive to achieve the highest office. We now make them just 16/1 shots eventually to become leader of the Conservative Party, and only 25/1 ever to become Prime Minister.”

Chris, 31, turned the key Black Country seat back to blue in a 9.51 per cent swing after 16 years in the hands of the Labour Party.

He walked away with 16,450 votes (43.1 per cent) - and a massive 3,856 majority over Labour’s Rachel Harris, who polled 12,594 (33 per cent).

He said after the six-hour count: “I’m very pleased. I’d hoped for a good result and it’s been a good team effort. It’s excellent news that it’s come back to the Conservatives.”